Protect Your Assets With Company Structures

Having a company structure protects your personal assets if something happens to your business. But it may in fact accidentally give access to your company if something comes after you personally. So let's use an example to highlight this risk. Amy owns a allied health practice under a company structure. The business debts and assets are all under the company name. She also has personal assets, namely a personal resident property, investment property, ETF portfolios and super. Unfortunately, in her personal life, she has come into some debt troubles. If her creditors really want, they can recruit their losses through this way. They will need to speak to her that accountant to see how best you can protect your assets.